TransCanada Corp. said Friday it received the final of three
key permits from the US Army Corps of Engineers in order to
advance the 485-mile Gulf Coast leg of its proposed Keystone XL
oil pipeline system.
With the permit from the Fort Worth, Texas, Army Corps
district added to previously-received permits from districts in
Galveston, Texas, and the Tulsa, Oklahoma, TransCanada says it
can now start construction of the oil pipeline in
the coming weeks.
final, key Army Corps permit for the Gulf Coast project is very positive news,
said Russ Girling, TransCanada CEO.
TransCanada is now poised to put approximately 4,000
Americans to work constructing the US$2.3-billion pipeline that
will be built in three distinct 'spreads' or sections, he
The pipeline will transport growing supplies of US crude oil
to meet refinery demand in Texas, according
to the company.
Gulf Coast refineries will be able to access lower-cost
domestic production and avoid paying a premium to foreign oil
producers, reducing cost and US dependence on foreign crude
oil, TransCanada says.
Girling said building a safe and reliable pipeline remains
TransCanada has an industry-leading safety record and
that is something we take great pride in, he said.
As an industry, we need to have the best and most modern
policies, procedures and equipment in place to prevent and
respond to incidents.
The US Department of State continues to review TransCanada's
application for a Presidential Permit to proceed with the
1,179-mile Keystone XL pipeline from Hardisty, Alberta, to
Steele City, Nebraska, and is expected to make a decision in
the first quarter of 2013, the company said.
TransCanada also continues to work with the Nebraska
Department of Environmental Quality to finalize a
route that avoids the environmentally-sensitive Sandhills
area of Nebraska.
The Gulf Coast project and the entire Keystone
system will further help the US achieve true energy
security, said Girling.
The US Energy Information Administration has forecast
the United States will continue to import more than seven
million barrels of oil each day into 2035, he
I continue to believe Americans would prefer to
consume their crude oil from domestic producers and from Canada
rather than higher-priced oil from countries that do not share
For full details on the current status of Keystone XL,
including safety procedures for the pipeline, read
TransCanadas news release by clicking here.